Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks changing hands declining 7 percent valued 29 percent less than on Tuesday, but resulted in only two securities traded, compared to eight on Tuesday with all two ending unchanged.
A total of 929,491 shares were traded for US$16,864 compared with 995,788 units at US$23,655 on Tuesday.
Trading on Wednesday averaged 464,746 shares at US$8,432 compared with 124,474 units at US$2,957 on Tuesday, with a month to date average of 124,507 shares at US$3,455 compared with 108,305 units at US$3,218 on the previous day. June ended with an average of 60,969 units for US$3,967.
The US Denominated Equities Index rose 0.41 points to 247.46.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, First Rock Real Estate USD share ended at 4.4 US cents with a transfer of 588 shares and Transjamaican Highway remained at 1.8 US cents in trading 928,903 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage in trading for the JSE USD market
July 12, 2023 by